I think they'll still collect this stuff just in secret. Are they really going to shut the entire program down? I just can't see it.
everything is being recorded =)
Just imagine what will happen if some hacker is able to access this gigantic database of phone-calls, videos and chats. Or it can be even a rogue employee of the FBI, who want to sell this data to third parties for a profit. Can you imagine the consequences? The lives of a lot of people will be ruined. We will be seeing a large spike in murders and suicides.
There's already been FBI agents sharing nude photos I believe. Look what the agents did in the silk road fiasco too stealing millions in bitcoins. They can't be trusted.